# MET 1180 Mathematics

## MET 1180 Mathematics

MET 1181 | |

MET 1182 |

This is a basic course in mathematics. The course is a compulsory part of the Bachelor of Science in Business. The course will be taught during the first year over two semesters. It consists of an introductory part in the autumn semester, and an advanced part in the rest of the autumn semester and the spring semester.

After completing the course, the student will have broad understanding of concepts, methods and theories in matematics. The student will have broad knowledge of algebra, functions in one or several variables, financial mathematics, derivation and integration, and linear algebra, and specialized knowledge of how mathematical models and methods can be used in economics.

After completing the course, the student will be able to analyze quantituative problems using mathematical concepts, and be able to use mathematical methods to solve these problems. The student will be able to assess solution strategies, and be able to carry out the necessary computations correctly and precisely. The student will be able to give mathematical arguments to justify his conclusions, and be able to give written answers that explains the method used and the obtained results to the reader. The student will be able to see connections between mathematics and other subjects, especially economics.

After completing the course, the student will be able to reflect upon central assumptions for the models and theories used. The student will be able to reflect upon the results obtained, and critically assess if they are reasonable.

- Elementary algebra
- Mathematics of finance and series
- Functions and graphs
- Exponential and logarithmic functions
- Derivation with applications
- Integration
- Linear algebra and matrix algebra
- Functions of several variables

The course is lectured over one year and consists of an introductory part (36 hours) and an advanced part (48 hours).

For each week, there will be a work program consisting of exercises and reading assignments. The student must learn the material presented in the reading assignments and work through the exercises. Some of the exercises will be reviewed in plenary sessions. It is assumed that the student has worked on the exercise in order to take full advantage of the review.

By allocating some time in class to short assignment related to new topics, students will be activated and learning objectives achieved.

Wolfram Alpha is used in lecture to illustrate taught material.

Higher Education Entrance Qualification

Basic knowledge of mathematics equivalent to the admission requirement for the programme.

Exam category | Weight | Invigilation | Duration | Support materials | Grouping | Comment exam |
---|---|---|---|---|---|---|

Exam category:Submission Form of assessment:Written submission Exam code:MET11801 Grading scale:Pass/fail Grading rules:Internal examiner Resit:Examination every semester | 0 | No | 1 Week(s) | Individual | ||

Exam category:Submission Form of assessment:Structured test Exam code:MET11802 Grading scale:ECTS Grading rules:Internal examiner Resit:Examination every semester | 30 | Yes | 3 Hour(s) | - BI-approved exam calculator
- Simple calculator
| Individual | |

Exam category:Submission Form of assessment:Written submission Exam code:MET11803 Grading scale:ECTS Grading rules:Internal and external examiner Resit:Examination every semester | 70 | Yes | 5 Hour(s) | - BI-approved exam calculator
- Simple calculator
| Individual |

Workload activity | Duration | Type of duration | Comment student effort |
---|---|---|---|

Teaching | 36 | Hour(s) | Introductory part (autumn) |

Prepare for teaching | 8 | Hour(s) | Introductory part (autumn) |

Group work / Assignments | 16 | Hour(s) | Introductory part (autumn) |

Teaching | 48 | Hour(s) | Advanced part (spring) |

Prepare for teaching | 32 | Hour(s) | Advanced part (spring) |

Group work / Assignments | 112 | Hour(s) | Advanced part (spring) |

Examination | 8 | Hour(s) | Multiple-choice and written examination |

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.

#### Obligatorisk/Compulsory

##### Book

Authors/Editors | År | Tittel | Edition | Publisher | StudentNote |
---|---|---|---|---|---|

Eriksen, Eivind | 2016 | Matematikk for økonomi og finans | Cappelen Damm Akademisk |